CONDO VIEW
In 2024, we saw a general flattening of the real estate market and stabilization of mortgage rates, which hovered between 6% and 7% for a 30-year fixed mortgage. Nationally, the volume of real estate sales in the United States (“US”) dropped from a post-COVID high of 6.12 million in 2021 to 4.06 million in 2024 (a 34% decline). 2024 represented the lowest number of US home sales since 1995, at a time when the population of the US was 30% lower. Mortgage rates have remained relatively unchanged thus far in 2025. The number of US home Sales is on track to be slightly lower in 2025 than it was in 2024. A recent report by Inman News indicates that prices have begun to decline in 31 of the 100 largest markets in the US.
The decrease in the number of closings in metro-Atlanta over the past few years has mirrored that of the National market. Total year-to-date closings of “attached homes” (which includes condos) in metro-Atlanta through June 2025 were 6,357 as compared to 6,544 through June of 2024 (an overall decline of around 3%).
While the number of closed transactions for condos has declined, the average sales price year to date in metro Atlanta in June 2025 was $407,636 vs. $403,471 for 2024. This represents a nominal increase in Average Sales Price of 1.0%.
The most significant change in the metro-Atlanta Market in the last year is the increase in the number of available condominiums for sale (or “Inventory”). Inventory rises when the number of homes listed outpaces the number of homes sold. The inventory of available condos increased from 4,009 at the end of June 2024 to 5,950 at the end of June 2025, representing a dramatic 48% increase. Higher inventory translates to: more options for Buyers to choose from, longer time on market, and more negotiation by Sellers both on price and in concessions like closing costs and inspection-related repairs.
With higher inventory, we see more reductions in sales prices and significantly longer time on the market. Another trend noted with condominiums in 2025 is that there was a sizeable jump in HOA fees per square foot (10 to 20 cents per square foot), resulting in the average 1000 square foot condo to add between $100 to $200 to its monthly fee. This is due primarily to increased insurance costs.
In Buckhead condominiums specifically, we saw an increase in the average sales price from $487,972 on June 30, 2024, to $663,826 in 2025. Similarly, the average sold price per square foot increased from $334 in 2024 to $377 in 2025. It is important to note that these price increases are skewed by a significant number of new construction condos at the Dillon closing in the first half of 2025. (16 closed at $1 million and above per FMLS). This does not suggest a high appreciation of Buckhead condos in general. In Buckhead, there was an increase in the total days on the market from an average of 70 days in 2024 to 102 days in 2025. The sales price to original list price ratio, a measure of how close sellers are getting to their asking price, decreased from 95.69% in 2024 to 94.60% in 2025. Properties are staying on the market longer, and sellers are negotiating more.
While it is hard to predict future real estate trends, we want our clients to understand what is happening in the market, so they will understand pricing and how quickly a home will likely sell in the community where they live or hope to live. We hope this report will help with that. If you would like a more in-depth analysis of a specific area or want to determine the value of your home, our neighborhood real estate experts are here to help.
We know the Atlanta market. Your building is our business. Your building is our business.
Randal Lautzenheiser, Managing Broker and Owner
Len Kwilos,
Agent and Owner
David Vannort,
Agent and Owner
BUCKHEAD
24. PARAMOUNT AT BUCKHEAD
25. PARK AVENUE
26. PARK PLACE ON PEACHTREE
27. PARK REGENCY
28. THE PEACHTREE RESIDENCES
29. PHOENIX ON PEACHTREE
30. PLAZA TOWERS
31. REALM
32. THE RITZ CARLTON RESIDENCES
33. SOVEREIGN
34. ST REGIS RESIDENCES
35. THE VIEW AT CHASTAIN
36. WALDORF ASTORIA
37. THE WINSTON
Buckhead Condo Overview
- 3 BEDROOM January - June 2025
- 3 BEDROOM January - June 2025
CLOSED - 3 BEDROOM
CLOSED - 2 BEDROOM
CLOSED - 2 BEDROOM
Data and most photos are from the First Multiple Listing Service. Information is deemed to be accurate but is not warranted. Please note that in many “new construction” condominium projects or buildings being converted to condominiums, not all sales are reported in FMLS. We are only reporting sales included in FMLS. This research is on 45 buildings in and around Buckhead, but is not exhaustive.
If you are interested in receiving more information on additional properties or need help pricing your home, please contact your Atlanta Intown Agent, call 404.881.1810 or email brokers@atlantaintown.com .
